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20.09.2016
Resolutions of the Board of Directors
NCSP Group (LSE: NCSP, MOEX: NMTP) hereby reports the resolutions of the Board of Directors passed in a meeting dated September 14, 2016 on approval of results of PJSC NCSP’s ordinary shares (ISIN: RU0009084446) buyback and the buyback ratio. The price of the shares buyback as approved by PJSC NCSP Board of Directors in a meeting dated June 15, 2016 was 8.22 rubles for one ordinary share. Eligible for the buyback are the shareholders who voted «against» or did not vote at the extraordinary general meeting dated July 26, 2016 on approval of a material transaction consisting of VTB Bank loan. Claims for shares buyback were accepted from July 27, 2016 until September 9, 2016. The amount of the buyback is determined as 10% of PJSC NCSP’s net assets value as of June 30, 2016, which constitutes 21 611 393 459.07 rubles, of which 10% constitutes 2 161 139 345.91 rubles. Hence the maximum number of ordinary shares of PJSC NCSP to be repurchased in the buyback constitutes 262 912 329 shares. The total number of ordinary shares of PJSC NCSP which were claimed for the buyback constitutes 1 276 753 957 shares. The buyback shall be executed on proportional basis with a reduction ratio of 0.20592247 for every claim.
About NCSP Group NCSP Group is the largest port operator in Russia and the third largest in Europe by cargo turnover in 2015. NCSP Group is traded on Moscow Exchange (NMTP) and London Stock Exchange as GDRs (NCSP). NCSP Group volumes in 2015 totaled 139.7 million tons. Consolidated revenue to IFRS in 2015 totaled $877 million and EBITDA $657 million. NCSP Group consists of: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, JSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, JSC NLE, OJSC IPP, Baltic Stevedore Company LLC, and JSC SFP.
Contacts Kristina Senko, Public Relations: KSenko@ncsp.com Mikhail Shchur, Investor Relations: MShchur@ncsp.com
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